ABA Applauds Powell Confirmation to Serve as Federal Reserve Chairman

​By Rob Nichols, ABA president and CEO

Page Content

“We congratulate Jerome Powell on his confirmation to serve as chairman of the Federal Reserve Board. His high integrity, intelligence and wealth of experience in both monetary policy and regulatory issues will serve him well in this critically important role. Chairman Powell has demonstrated his interest in reviewing and refining regulations to ensure they work to reinforce economic growth while preserving the important principles of prudential supervision. We thank the Senate for its prompt action, and look forward to working with Chairman Powell going forward.

“We would also like to thank Chair Yellen for her dedicated public service during a challenging period. Her actions helped strengthen both our economy and the financial system, and we wish her well in the future.”

The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans.